Trading surges on JSE Main Market

Trading activity picked up on the Jamaica Stock Exchange Main Market on Monday, with the volume of stocks traded rising 14 percent and the value surging 367 percent more than on Friday, with trading in 54 securities compared with 52 on Friday and ended with prices of 16 rising, 24 declining and 14 ending unchanged.
A total of 6,685,964 shares were traded on Monday for $92,499,615 up from 5,872,659 units at just $19,826,535 on Friday.
Trading ended with an average of 123,814 shares at $1,712,956 up from 112,936 units at $381,280 on Friday. Trading for the month to date averaged 153,781 units at $1,373,749 compared with 158,823 stock units at $1,316,687 on the previous trading day and down from November, with an average of 275,587 units at $2,488,949.
Transjamaican Highway led trading with 1.58 million shares for 23.6 percent of total volume followed by JMMB Group with 1.13 million units for 16.9 percent of the day’s trade and Wigton Windfarm with 979,356 units for 14.6 percent market share.
At the close of the market, the All Jamaican Composite Index dropped 711.18 points to settle at 346,161.36, the JSE Main Index skidded 1,549.88 points to end the day at 310,649.71 and the JSE Financial Index slipped 0.05 points to wrap-up trading at 67.25.
The Main Market ended trading with an average PE Ratio of 12.8. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and eight with lower offers.
At the close, Caribbean Cement lost $1.50 to close at $53 after trading 7,536 units, Caribbean Producers declined 47 cents to $8.61 after an exchange of 1,847 stocks, First Rock Real Estate fell 62 cents and ended at $6.85 with 75 shares clearing the market. Jamaica Broilers skidded $1.38 in closing at $33.50 in switching ownership of 12,794 stock units, Jamaica Producers dropped $1 to end at $22 while investors exchanged 634 shares, Key Insurance rose 30 cents in closing at $2.50, with 7,785 units crossing the market. Kingston Properties shed 47 cents to $6.93 as investors exchanged 2,170 stocks, Kingston Wharves dipped $1.49 and ended at $27 with shareholders swapping 1,060 stock units, Massy Holdings fell 50 cents to end at $89.50 after 24,519 shares passed through the market. NCB Financial skidded $2 to close at $65 with stakeholders exchanging 27,329 stock units, 138 Student Living lost 25 cents to $3.94, with 1,415 stocks crossing the market, Pan Jamaica gained $4.74 in closing at $49.76 with a transfer of 214 units. Sagicor Group shed $1 to end at $40, with 50,000 shares crossing the exchange, Scotia Group popped $1.70 to close at $34.70 after a transfer of 257,005 stock units, following release of full year results that surged 67 percent to $5.54 per share, with a net profit of $17.22 billion, as the group also reported that a dividend of 40 cents per share will be paid in January. Seprod advanced $1.40 and ended at $72.90 with traders dealing in 2,420 stocks. Stanley Motta climbed 34 cents to $6.03 in an exchange of 1,025 units and Supreme Ventures declined $1.60 in closing at $24.10 with investors transferring 561,862 shares,
In the preference segment, Eppley 7.50% preference share increased 33 cents to end at $6.90 after an exchange of 33 stock units and Jamaica Public Service 7% rallied 50 cents and ended at $40 with investors dealing in 485 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.